Top 5 reasons you should review your customs strategy
For all businesses trading internationally or importing or exporting the implementation of a well-defined customs strategy is essential. The reason is, customs regulations are intricate and consistently evolving, and failure to comply with these regulations can have severe financial and legal implications.
Top Things to Consider When Appointing an Investigating Officer
The appointment of an investigating officer during a HR investigation is a key element of the decision-making process.
Trump's Tariffs: Impact on Business Valuations
Elliot Bonomini, Business Valuations Associate Director
Trusts & Estates
Dains knows that what matters to you more than anything is the future well-being of your family, and with careful planning together we can do all we can to protect your wealth for future generations.
Two senior promotions in the Stoke-on-Trent office
Dains are delighted to announce two senior promotions; Andrew Bentley to Accountancy and Business Services Partner and Simon Hawkins to Audit Director.
Two Twenty
UK Electrical & Lighting
Understand Your Debt
The first step in managing debt is to have a clear understanding of what you owe. This involves listing all your debts, including credit cards, loans, mortgages and any other financial obligations.
United Tooling Solutions
Unveiling M&A: More than numbers, it’s about shared culture
Through a series of acquisitions, Dains has learnt the key to M&A success is sharing the same ethos of employee care.
Upcoming Changes To UK Accounting Standards
The Financial Reporting Council (FRC) has recently completed its triennial review of UK accounting standards (FRS102), and published the amendments which be applicable for periods commencing 1 January 2026.
Using the Wrong Commodity Code could Cost you Thou$and$
Commodity codes are like most things in business – if you get them wrong, it will inevitably cost you money. If you use the wrong code, you could end up paying more duty than you need to.
VAT Accounting for the Construction Industry - New Rules from 1 March 2021
Businesses working in the construction industry may have to change the way in which they account for VAT on sales and purchases with effect from 1 March 2021 when HMRC introduce the Domestic Reverse Charge (“DRC”).
VAT for Charities and Not for Profit Entities
VAT One Stop Shop – New Rules for B2C Sales
From 1 July 2021, the EU will introduce new rules for dealing with VAT on sales of goods and services to consumers (“B2C”) across the EU. The intention is that businesses which make B2C supplies will be able to account for VAT through a single One Stop Shop (“OSS”). However, as details emerge, it is apparent that the rules are complex and businesses making B2C sales may still require a number of different registrations; this will definitely not be a one size fits all solution.
VAT Services
The Dains VAT team has one simple aim: to minimise where possible your tax liabilities and to ensure that you comply with your legal and statutory obligations to avoid interest and penalties.
Video Guides
Our dedicated video guides collection includes a range of webinars and video series exploring various financial and accounting topics of interest for both businesses and individuals.
Vital communication: Building and sustaining shared culture in M&A
Now well-versed in the art of M&A deals, Dains advises that the key to success is regular and clear communication.
Wardtec
Webinar: Navigating Global Markets - Financial support for Business Growth & International Trade
Whilst trading internationally can provide significant opportunities for UK businesses, it can be quite a daunting prospect, and it is not always smooth sailing. UK Export Finance, Virgin Money and Dains have collaborated to create an informative webinar which provides practical guidance to UK businesses which either want to start trading internationally or want to expand their international activities. What to expectThis webinar provides insights into how a business can:Protect itself financially when buying from overseas suppliers or selling to new markets and new customers,Access financial support; andOvercome common VAT and Customs issues.Speakers • Simon Hayden, Trade Finance Manager at Virgin Money • Mark Lynam, Export Finance Manager at UK Export Finance• Terri Bruce, VAT & Customs Partner at Dains
Webinar: Navigating Global Markets - Financial support for Business Growth & International Trade
Whilst trading internationally can provide significant opportunities for UK businesses, it can be quite a daunting prospect, and it is not always smooth sailing. UK Export Finance, Virgin Money and Dains have collaborated to create an informative webinar which provides practical guidance to UK businesses which either want to start trading internationally or want to expand their international activities. What to expectThis webinar provides insights into how a business can:Protect itself financially when buying from overseas suppliers or selling to new markets and new customers,Access financial support; andOvercome common VAT and Customs issues.Speakers • Simon Hayden, Trade Finance Manager at Virgin Money • Mark Lynam, Export Finance Manager at UK Export Finance• Terri Bruce, VAT & Customs Partner at Dains
What is the right pay frequency for your business?
There are numerous factors that must be considered when choosing your company’s pay frequency. From accounting needs, HMRC deadlines and, most importantly, how it will affect your employees.
When is a car a pool car?
Some employers find it more useful to operate a carpool making a number of cars available for use by employees when they have to make a business journey, as opposed to allocating specific cars to selected employees. Provided certain conditions are met, no benefit in kind tax charge will arise where an employee makes use of a pool car.
Who needs an audit?
The government has recently announced changes to reporting and auditing requirements. As a result many more companies and LLPs will not require a mandatory audit. The changes have been marketed by the government as saving businesses millions in reporting and accountancy fees, however there are a number of factors that directors and partners need to consider.
Why Accountants Are Recommending Employee Ownership Trusts to Businesses
Businesses are increasingly recognising the benefits of an Employee Ownership Trust (EOT), and with good reason.